Investing.com – China equities were lower at the close on Wednesday, as losses in the Life Insurance, Oil Equipment Services & Distribution and Telecoms sectors propelled shares lower.
At the close in Shanghai, the Shanghai Composite declined 1.40% to hit a new 6-month low, while the SZSE Component index declined 1.35%.
The biggest gainers of the session on the Shanghai Composite were Shenzhen Gongjin Electronics Co Ltd (SS:603118), which rose 10.06% or 0.72 points to trade at 7.88 at the close. Hubei Zhenhua Chemical Co Ltd (SS:603067) added 10.04% or 1.090 points to end at 11.950 and Tianjin Capital Environmental Protection Group Co Ltd (SS:600874) was up 10.02% or 1.250 points to 13.720 in late trade.
Biggest losers included SDIC Zhonglu Fruit Juice Co Ltd (SS:600962), which lost 10.02% or 1.440 points to trade at 12.930 in late trade. Sanjiang Shopping Club Co Ltd (SS:601116) declined 10.00% or 2.320 points to end at 20.870 and Zhe Jiang Dong Ri Ltd Co (SS:600113) shed 9.99% or 1.350 points to 12.170.
The top performers on the SZSE Component were Beijing VRV Software Corp Ltd (SZ:300352) which rose 10.07% to 4.81, Da An Gene Co Ltd of Sun Yat-Sen University (SZ:002030) which was up 10.00% to settle at 15.73 and Shanghai Kehua Bio-Engineering Co Ltd (SZ:002022) which gained 9.99% to close at 14.42.
The worst performers were Digital China Information Service Co Ltd (SZ:000555) which was down 10.02% to 15.63 in late trade, BYD Co Ltd Class A (SZ:002594) which lost 8.34% to settle at 56.19 and Jiangsu Yanghe Brewery Joint-Stock Co Ltd (SZ:002304) which was down 6.23% to 100.50 at the close.
Declining stocks outnumbered rising ones by 952 to 370 and 39 ended unchanged on the Shanghai Stock Exchange.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 3.13% to 28.70.
In commodities trading, Gold Futures for April delivery was down 0.16% or 2.20 to $1339.80 a troy ounce. Meanwhile, Crude oil for delivery in May fell 1.15% or 0.75 to hit $64.50 a barrel, while the June Brent oil contract fell 1.02% or 0.71 to trade at $68.75 a barrel.
USD/CNY was up 0.00% to 6.2834, while EUR/CNY fell 0.10% to 7.7851.
The US Dollar Index Futures was up 0.17% at 89.11.